What do rental property management companies in The_Riverplace do?
If this is your first-time looking at hiring a property manager, you may want to know more about what exactly rental property management companies do. If this quick reference doesn't answer all your questions, we're always eager to provide more information.
Collect Rents
Nesbitt Realty puts funds from rent into an escrow account and from that account we disburse funds to pay bills, income to the real estate investor and fees to the property manager.
Keep Records
Nesbitt Realty keeps a record of all money and payables. We send monthly statements to the real estate investor and at the end of the year we prepare a 1099 tax document and an annual statement for tax preparation. These records are also available electronically if you prefer.
Deal with the Association
When necessary, we deal with homeowner's association (or condo association). If your renter has violated homeowner or condo association covenants, we provide official notice to the tenant and take steps to put the tenant in compliance. We keep you apprised of notices and necessary actions.
Legal Compliance
Nesbitt Realty ensures that your rental property complies with state laws, local The_Riverplace ordinances, licensing requirements, association rules, Fair Housing laws, insurance requirements, IRS requirements.
Manage Upkeep
Nesbitt Realty manages and dispatches maintenance personnel when required. We strive to get work done in a prompt fashion at a price and quality acceptable to the property owner.
Inspections
Nesbitt Realty inspects the rental at the time of move-in at the time of move-out and from time-to-time while the tenant is occupying the property.
Provide a Level of Separation
This is the one duty that no real estate investor can perform. A level of separation ensures professionalism is always maintained and personal feelings do not enter into the equation. Nesbitt Realty manages tenant relations including maintenance requests, late fee notices. We deal with a laundry list of tenant problems:
- unauthorized guests, unauthorized pets,
- parking issues,
- tenant cleanliness,
- noise violations,
- neighbor complaints, etc.
If necessary, we manage the process of prosecuting actions to evict Tenants.
Our Differentiators
What makes us different from other property managers in The_Riverplace
The_Riverplace Property Management Resources
Basics
Basic info about what management services in The_Riverplace.
Getting Started
Learn more about getting started with rental property management
Find A Tenant
Market your property to rent to find a reliable tenant in The_Riverplace fast.
Accounting
How does Nesbitt Realty keep track of income and expenses for property owners?
Cost
A list of prices of rental management in The_Riverplace
Vetting
How Nesbitt Realty checks the backgrounds of tenants for landlords.
Reserves
What is a contingency reserve account?
Territory
Where does Nesbitt Realty manage property?
Clients
Who uses Nesbitt Realty management services?
Do you want know more about our local real estate market?
Nesbitt Realty's Guide to Real Estate is a handy tool for anyone who hopes to learn more about The_Riverplace and neighboring areas. The Guide to Real Estate provides information about what has sold and what is on the market, as well as some surprising facts that you may not know. In addition, our Guide features quite a few of the aspects of residing in The_Riverplace. As might be expected, all of this is interesting for buyers and sellers, but rental investors and renters will likely also find these tools to be somewhat useful.
More Information
If you've never contracted with a rental property manager in The_Riverplace before, you may want to know as much as possible about the process and what property managers really do. Feel free to call and chat about specific questions.
Money in general does not flow from the landlord to the property manager. Money flows from the tenant to the property manager to the landlord. Fees and commissions are withheld from collected rents. The next step is to learn a little more about what differentiates us from other property managers.